Forex Market

The British Pound (GBP) declined against the US Dollar (USD) on Tuesday, following four consecutive rises, as the USD rose supported by inflation data, while the GBP remains impacted by Brexit trade talks uncertainty. The GBP/USD is down by 0.82% for the day at 1.2957. The pair has been moving …

The US Dollar (USD) rose on Tuesday, as data showed an increase in consumer prices but at a slow pace. The Dollar index (DXY), which measures the performance of the USD against a basket of six international currencies, is up by around 0.50% for the day, at 93.51. The index …

The Bank of Japan (BoJ) is ready to take extra measurements to face the impact of the COVID-19 crisis, according to Governor Haruhiko Kuroda, Reuters reported. “We will closely monitor the impact of COVID-19 and not hesitate to take additional easing measures as necessary.” The BoJ is not out of …

The rate of core machinery orders in Japan increased by 0.2% in August compared to the previous month, more than expected. On an annual basis, basic orders decreased by 15.2% in the same month. Better than expected. The producer price index unexpectedly declined by -0.2% in September on a monthly …

The US Dollar (USD) is fluctuating during Thursday’s trading session, showing a mixed performance against major currencies. The Dollar Index (DXY), which measures the USD performance against a basket of six international currencies, is marginally down by 0.03% at 93.60. Yesterday, the index closed at 93.63, but today it has …

A rate hike in Brazil would result from inflation, not extra spending by the government, President of the Central Bank of Brazil, Roberto Campos Neto, explained. “It was interpreted in some way as if the central bank was saying it was going to raise interest rates, and it wasn’t that,” …

The Canadian Dollar (CAD) rose to its highest level against the US Dollar (USD) in more than two weeks, supported by a surge in oil prices. Recent remarks by the Bank of Canada (BoC) Governor Tiff Macklem suggested that negative interest rates remain an option. The CAD is up by …

The Canadian Dollar (CAD) rose to its highest level in about two weeks against the US Dollar (USD), supported by a surge in oil prices of more than 5%. Gains by the CAD are amplified by the USD general weakness across the board, amid an improvement in risk appetite. The …

An improved risk appetite seems to have left its toll on the US Dollar (USD), which opening the week with decline across the board. Investors’ risk appetite improved after positive news about the health of the US president, as well as renewed hopes for a second stimulus package to be …

The British Pound (GBP) declined against the Euro (EUR) on Monday, opening the week with limited losses amid anticipation for trade talks between the European Union (EU) and the United Kingdom (UK). The two sides recently agreed to speed up negotiations to reach a breakthrough. Disagreements persist and it remains …